Purpose of the Bill

The bill aims to provide financial aid to the cities of Falcon Heights and St. Paul, Minnesota. This aid is intended to cover costs related to public safety and municipal services that arise due to events at the State Fairgrounds.

Main Provisions

• Aid Payments: The bill mandates that the commissioner of revenue make annual aid payments to Falcon Heights and St. Paul.
• Amount of Aid: For the year 2026, Falcon Heights will receive $75,000, and St. Paul will receive $500,000.
• Inflation Adjustment: From 2027 onwards, these amounts will be adjusted annually for inflation. The adjustment will be based on the implicit price deflator, a measure prepared by the United States Bureau of Economic Analysis.

Significant Changes

• Inflation Calculation: The bill introduces a requirement for annual inflation adjustments to ensure that aid payments reflect economic changes over time.
• Budget Appropriation: It establishes an annual appropriation from the general fund to cover the costs of these aid payments.

Relevant Terms

• Public safety services
• State Fairgrounds
• Municipal services aid
• Inflation adjustment
• General fund appropriation